TORONTO and HOUSTON, Feb. 21, 2019 /CNW/ - Venzee
Technologies Inc. (TSX-V: VENZ), an advanced platform for the automated distribution of omnichannel product information, and
Riversand, a cloud-native Master Data Management (MDM) and Product Information Management (PIM) provider, announced today
the formation of a strategic partnership enabling brands to instantly and efficiently communicate actionable product detail to
trading partners to meet the growing demand from consumers for accurate and reliable product information.
Rich, detailed, and readily available product information removes consumer confusion, frustration, and disappointment, helping
to create durable brand trust and retailer loyalty. In today's rapidly changing retail market, trust and loyalty are more than
important, they are the keys to brand relevance and retailer survival.
Riversand's strong product management capabilities integrated with Venzee's modern, peer-to-peer content distribution platform
gives brands and retailers the optimal solution to satisfy consumer demand for the rich, detailed content critical to
transformation and growth in today's dynamic retail market.
"Venzee's technical and strategic approach to modern retail are well aligned with the advanced, cloud-based architecture
Riversand has embraced and provides customers with a future-forward content management and distribution solution," says
Upen Varanasi, founder and CEO at Riversand.
"Riversand clients already benefit from access to a unique set of data management capabilities and domain expertise in retail,
healthcare, CPG, and energy verticals," says Peter MacKay, president and CEO at Venzee. "Now,
integrated with the advanced capabilities of the Venzee platform, Riversand brands and retailers have the tools necessary for
seamless, automated distribution of actionable and relevant product content."
As a peer-to-peer platform solution, Venzee, its clients, and its partners benefit from the "network effect." As more use the
platform and network nodes expand, the value of the platform for its users grows in value.
"With this strategic announcement, our platform is now available to more than 100,000 clients served through our announced
alliances," says John Abrams, vice president of Partner Development at Venzee.
Legacy product content distribution was a poorly synchronized, linear transaction. In today's cloud-connected, non-stop retail
market, consumers expect rich, relevant content delivered instantly, anywhere. Legacy content syndication solutions fail to meet
the dynamic needs of modern consumers. As an all API, cloud-based distribution platform, Venzee exceeds the content delivery
expectations consumers, brands, and retailers demand.
About Venzee
Venzee is a data translation and distribution solution that eliminates inefficiencies in the digital supply chain by
delivering consumer-ready product information to retailers via a peer-to-peer network. Powered by our core technology, Mesh,
Venzee automates content exchange workflows that increase margins and accelerate revenue. Through a suite of products, we provide
customized solutions for enterprises of all sizes, meeting each client's desired level of sophistication and automation.
To learn more about Venzee, visit https://venzee.com/
About Riversand
Riversand is a global leader in information management that has a vision of assisting companies to make their data
useful, usable and meaningful. Its Master Data Management platform empowers its customers to know their own customers better,
move products faster, automate processes, mitigate risks and run their businesses smarter. Riversand's customers, partners and
analysts recognise it as a trusted partner, visionary and a leader. For more information visit www.riversand.com and follow us @RiversandMDM on Twitter and Riversand Technologies on LinkedIn.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, statements with respect to the execution of the Company's growth
strategy, the expected results from the entering into of partnership agreements, the expected results from Venzee's Channel
Partner Program, the use of, and expected results from, Venzee's technology by end users and Venzee's expected revenue
generation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does
not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements
of the Company to be materially different from those expressed or implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional
information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the
Company's management's discussion and analysis for the year ended December 31, 2017 and its latest
annual information form filed August 29, 2018, which are available under the Company's SEDAR
profile at www.sedar.com, and in other filings that the Company has made and
may make with applicable securities authorities in the future.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information contained in this news release is expressly qualified in its
entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as
required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Venzee Technologies Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/21/c0860.html